I am living well, while also being below my means, I think :D It gets all very confusing with all these "buy now pay later" services that most people opt for these days. Sure they're good for debt recycling and keeping your money yours for as long as possible, but its just friendlier, more apparently ethical pay-day lending.
Incidentally, the highest paid CEOs or Managing Directors in Australia, too. Riveting stuff. :) I guess that financial literacy isn't taught in schools here, so it is no real big surprise, shock, or horror to discover this information.
I am living well, while also being below my means, I think :D It gets all very confusing with all these "buy now pay later" services that most people opt for these days. Sure they're good for debt recycling and keeping your money yours for as long as possible, but its just friendlier, more apparently ethical pay-day lending.
It is funny isn't it? Not too long ago, pay-day lenders were seen as sharks - put it into an app however and suddenly, they are innovative businesses.
Incidentally, the highest paid CEOs or Managing Directors in Australia, too. Riveting stuff. :) I guess that financial literacy isn't taught in schools here, so it is no real big surprise, shock, or horror to discover this information.
No it isn't a surprise - The reason the central banks can do what they do predictably, is that the people they do it to are predictable also.